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Get your taxes done using TurboTax
Thanks to everybody for your help. I have decided my best approach is to seek professional help. While Rick19744 tried to explain the proper approach to solving the problem, I am afraid it is above my knowledge base.
The amount on line 16, code D, is the liquidating distribution plus a minimal additional amount, less than ¼ of 1% of the total.
June 18, 2022
4:18 AM